LOS ANGELES (AP) _ Air Lease Corp. (AL) on Friday reported fourth-quarter earnings of $164.9 million.

On a per-share basis, the Los Angeles-based company said it had net income of $1.42.

The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.38 per share.

The company that leases planes to airlines posted revenue of $548.6 million in the period.

For the year, the company reported profit of $587.1 million, or $5.09 per share. Revenue was reported as $2.02 billion.

Air Lease shares have fallen roughly 5% since the beginning of the year. In the final minutes of trading on Friday, shares hit $45.28, a climb of 19% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AL at https://www.zacks.com/ap/AL